Latest news
Drax coal station gets the green light from the EU to switch to biomass
Drax, one time one of the major polluters in Europe, has obtained the permission from the European Commission to convert its third power generating unit to biomass. Currently, Drax produces enough electricity to power more than 3 million households.
read more... 20/12/2016
China's State Grid seals acquisition of stake in Greek electricity grid
China's State Grid, the world's largest utility, inked on Friday the acquisition of a minority stake in Greece's electricity grid operator ADMIE, China's second huge investment in the debt-laden nation in a matter of months.
read more... 19/12/2016
Shell to purchase 100% of electricity from its own Dutch offshore windfarm
Shell Energy Europe Ltd, which is a subsidiary of oil and gas giant Royal Dutch Shell, has signed an offtake deal for 100% of the electricity generated by the 108-MW Egmond aan Zee offshore wind farm in Dutch waters.
read more... 16/12/2016
Daily: European spot electricity prices diverge, with German contract up amid lower winds forecasts
Crude oil prices ended little changed on Thursday after hesitating the whole session between the negative influence of a strengthening dollar and the persistent speculation of a consequent decrease of the supply following the OPEC’s agreements. Brent futures for February delivery rose by 12 cents, or 0.2 percent, to settle at $54.02 per barrel, while U.S. crude lost 14 cents, or 0.3 percent, to settle at $50.90, its lowest level in a week.
read more... 16/12/2016
ERBD to grant $135m loan to enhance power distribution in north-western Turkey
The European Bank for Reconstruction and Development (EBRD) is extending $ 134.75m loan to three Turkish electricity companies, the Trakya Electricity Distribution Company (TREDAŞ), the Trakya Electricity Retail Company (TREPAŞ), and to their parent company, IC İçtaş Elektrik (ICEL), as part of its moves to enhance reforms in the country’s electricity sector.
read more... 14/12/2016